August 2024 Interest Rates Remain at 4.35%
At today’s meeting, the Board decided to keep the cash rate target at 4.35% and the interest rate on Exchange Settlement balances at 4.25%. **Inflation and Economic Outlook** – Inflation remains above target, despite falling significantly since its peak in 2022. – The CPI rose by 3.9% over the year to June, as predicted, butRead More